From BBC: House prices continue to be dragged lower by a shortage of buyers, according to the Royal Institution of Chartered Surveyors (Rics). Its latest monthly survey reports that more than half (55%) of its members who work as estate agents said prices fell locally in the past three months.
Only 4% said that prices were rising. Rics said the continued pressure on house prices was due to caution by potential buyers and the continued rationing of mortgages by lenders..............................................Full Article: Source